Words Worth Noting - October 13, 2021

“If persons do not behave in accordance with their own economic self-interest, objectively defined and measured, on what basis do they act?... The economist is well-equipped to recognize mush for what it is, and when noneconomists hypothesize that persons want to ‘do good,’ he quickly detects the absence of predictive content.”

“Is Constitutional Revolution Possible in Democracy?” in Geoffrey Brennan and James M. Buchanan The Reason of Rules: Constitutional Political Economy